The State of the American Debt Slaves, Q4 2019

The State of the American Debt Slaves, Q4 2019

Feb 9, 2020 | Uncategorized

The State of the American Debt Slaves, Q4 2019 Consumer credit rose to 19.3% of GDP, the highest ever. Consumer debt – student loans, auto loans, and revolving credit such as credit cards and personal loans but excluding housing-related debts such as mortgages and...
Skyrocketing Costs Will Pop All The Bubbles

Skyrocketing Costs Will Pop All The Bubbles

Dec 19, 2019 | News

The reckoning is coming, and everyone who counted on “eternal growth of borrowing” to stave off the reckoning is in for a big surprise. We’ve used a simple trick to keep the status quo from imploding for the past 11 years: borrow whatever it takes to...